Invitation Homes Enters $200M Joint Venture, Sets Sights On $500M Investment In New Home Communities
Invitation Homes Enters $200M Joint Venture, Sets Sights On $500M Investment In New Home Communities
The JV is expected to deploy approximately $500 million, including debt, to acquire newly constructed homes. The JV will be initially capitalized with a total equity commitment of $200 million, of which $50 million will be committed by Invitation Homes, with potential to upsize equity commitments through follow-on investment tranches in the future. The Company will provide various management services to the JV, for which the Company will earn management fees in addition to the opportunity to earn a promoted interest subject to certain performance thresholds. Invitation Homes also has certain rights to potentially acquire the JV's homes in the future.
該合資企業預計將動用約5億美元，包括債務，用於收購新建房屋。該合資企業最初的資本總額爲2億美元，其中5000萬美元將由Invitation Homes承擔，未來有可能通過後續投資增加股權承諾。公司將向合資企業提供各種管理服務，公司將爲此賺取管理費，此外還有機會獲得一定績效門檻的促銷利息。Invition Homes還擁有一定的權利，將來有可能收購合資公司的房屋。
